About Palette
Palette is a company based in Paris (France) founded in 2020 by Fabien Pinel, J Y Delmotte, and Jean Edern Lorillon. It operates as a SaaS (Software-as-a-Service). Palette has raised $6.12 million across 2 funding rounds from investors including Bain Capital Ventures, Liquid 2 Ventures and Twenty Two Ventures. Palette offers products and services including Palette Commission Software. Palette operates in a competitive market with competitors including Spiff, Xactly, Varicent, Atrium and Xoxoday, among others.
- Headquarter Paris, France
- Founders Fabien Pinel, J Y Delmotte, Jean Edern Lorillon
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Palettehq, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6.12 M (USD)
in 2 rounds
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Latest Funding Round
$6 M (USD), Series A
May 18, 2022
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Investors
Bain Capital Ventures
& 14 more
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Employee Count
Employee Count
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Products & Services of Palette
Palette offers a comprehensive portfolio of products and services, including Palette Commission Software. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Sales commissions are automated and calculated in real-time.
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Funding Insights of Palette
Palette has successfully raised a total of $6.12M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $6 million completed in May 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $6.0M
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First Round
First Round
(01 Sep 2021)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Series A - Palette | Valuation | Bain Capital Ventures | |
| Sep, 2021 | Amount | Seed - Palette | Valuation | Y Combinator |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Palette
Palette has secured backing from 15 investors, including venture fund and angel investors. Prominent investors backing the company include Bain Capital Ventures, Liquid 2 Ventures and Twenty Two Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital fund focused on investing in multiple sectors
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Founded Year | Domain | Location | |
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Venture capital fund focused on seed-stage investment in multiple sectors
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Founded Year | Domain | Location | |
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Early-stage venture capital is invested from San Francisco base.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Palette
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Palette
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Palette Comparisons
Competitors of Palette
Palette operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Spiff, Xactly, Varicent, Atrium and Xoxoday, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
A platform for saving and investing money is provided.
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| domain | founded_year | HQ Location |
Sales performance management software is provided for enterprises.
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| domain | founded_year | HQ Location |
Incentive compensation and sales performance solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Workforce analytics platform is offered for sales performance monitoring.
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| domain | founded_year | HQ Location |
AI-powered loyalty, rewards, and employee engagement solutions are provided.
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| domain | founded_year | HQ Location |
Employees are onboarded, trained, and engaged via a gamified platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Palette
Frequently Asked Questions about Palette
When was Palette founded?
Palette was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Palette located?
Palette is headquartered in Paris, France.
Is Palette a funded company?
Palette is a funded company, having raised a total of $6.12M across 2 funding rounds to date. The company's 1st funding round was a Seed of $125K, raised on Sep 01, 2021.
What does Palette do?
Sales commission processes are automated by Palette through a specialized software solution. Complex commission plans are managed and integrated into existing workflows. Real-time tracking and personalized dashboards are offered for sales teams. Transparency and accuracy in payouts are ensured for businesses. Critical insights are extracted through advanced reporting tools. Various sectors including finance, operations, and sales are supported with tailored features.
Who are the top competitors of Palette?
What products or services does Palette offer?
Palette offers Palette Commission Software.
Who are Palette's investors?
Palette has 15 investors. Key investors include Bain Capital Ventures, Liquid 2 Ventures, Twenty Two Ventures, Kima Ventures, and Mathilde Collins.